Official / Corporate

Greece: The additional measures of financial support activated by the Government/ Change in subsidizing real estate owners

Submitted by siha on

Ministry of Finance (05.11.2020) All companies that are affected according to the expanded list of KAD April, now throughout the territory, are entitled to a mandatory reduction of rent by 40% on their commercial real estate. The same applies to the main residence of the employees who are suspended from employment, but also to the student residence of their children, throughout the territory.

Regions / Country
greece
Topics
Service quality
Cash transfers
Financing
COVID-19
Document Type

Greece: The additional measures of financial support activated by the Government/ One-off financial aid to non-subsidized long-term unemployed

Submitted by siha on

Ministry of Finance (05.11.2020) A new one-off financial aid of 400 euros is granted to non-subsidized long-term unemployed, in proportion to the April aid. This policy measure concerns about 130,000 unemployed compatriots of ours, who became long-term unemployed after March 1, 2020. The cost is estimated at 50 million euros.

Regions / Country
greece
Topics
Unemployment
Extension of coverage
Cash transfers
COVID-19
Document Type

Greece: The additional measures of financial support activated by the Government/ Extension of unemployment benefit

Submitted by siha on

Ministry of Finance (05.11.2020) All unemployment benefits that expired and expire in September, October, November and December are extended by 2 months. The cost is estimated at 308 million euros.

Regions / Country
greece
Topics
Unemployment
Extension of coverage
Cash transfers
COVID-19
Document Type

Greece: The additional measures of financial support activated by the Government/ Exemption of contribution and additional financial support for holidays

Submitted by siha on

Ministry of Finance (05.11.2020) Employees of companies-employers, throughout the territory, who are affected according to the expanded list of KAD April, may be temporarily suspended from employment. Therefore, they are entitled to special purpose compensation, in proportion to the period during which they are suspended. For the above period, all insurance contributions, calculated on the nominal salary, are covered by the State Budget, proportionally. The cost of the measure is estimated, based on new data, at 675 million euros, for the month of November alone.

Regions / Country
greece
Topics
Contribution collection and compliance
Cash transfers
COVID-19
Document Type

Greece: Joint Press Release of the Ministry of Finance and the Ministry of Labor Social Affairs/ Rent reduction

Submitted by siha on

Ministry of Finance (16.10.2020) Companies based in a Regional Unit that is part of level 4 for at least 14 days and are significantly affected according to the expanded list of KAD April, including scientific disciplines, are entitled to a mandatory rent reduction of 40% on their commercial real estate. The same applies to the main and student residence of suspended employees. For the owners who rent real estate in these companies and the above employees, 1/3 of the loss is offset against their tax liabilities.

Regions / Country
greece
Topics
Housing
Employment
Financing
COVID-19
Financial crisis
Document Type

Greece: Joint Press Release of the Ministry of Finance and the Ministry of Labor & Social Affairs/ Special compensation for the self-employed

Submitted by siha on

Ministry of Finance (16.10.2020) For the self-employed, self-employed and business owners who employ up to 20 people, who are based in a Regional Unit included in level 4 and are significantly affected according to the expanded list of KAD April, including scientific disciplines, special purpose compensation is given, amounting to 534 euros on a monthly basis. In case the duration of stay at level 4 of the Regional Unit is 14 days or less, the monthly compensation amounts to 300 euros. 

Regions / Country
greece
Topics
Cash transfers
COVID-19
Document Type

Greece: Joint Press Release of the Ministry of Finance and the Ministry of Labor & Social Affairs/ Special compensation, contribution exemption and protection of employment contract

Submitted by siha on

Ministry of Finance (16.10.2020) The employees of business-employers who are based or have a branch in the Regional Unit at level 4 and are significantly affected according to the expanded list of KAD April, may be temporarily suspended are entitled to special purpose compensation, proportional to the period set at a minimum of 14 days, estimated at EUR 534. For the above period, the full insurance contributions are calculated proportionally, calculated on the nominal salary from the state budget.

Regions / Country
greece
Topics
Unemployment
Contribution collection and compliance
Cash transfers
COVID-19
Document Type

Netherlands: Additions to third support package corona |Events

Submitted by siha on

Rijksoverheid.nl (27.10.2020) Due to the corona measures, many events, such as music festivals and fairs, have been canceled. Companies and suppliers in the event industry are largely dependent on the summer months for their turnover. This fluctuation in turnover can cause a distorted picture when calculating the TVL. The cabinet is coming up with a one-off extra fee based on the TVL fee for the summer. It is expected to involve 800 event entrepreneurs, who will receive an average of around € 14,000. An amount of € 11 million has been reserved for this.

Regions / Country
netherlands
Topics
Employment
Cash transfers
COVID-19
Document Type

Netherland: Additions to third support package corona | Subsidy for inventory and adjustment costs

Submitted by siha on

Rijksoverheid.nl (27.10.2020) Catering entrepreneurs have built up stocks that they can no longer use because of the temporary closure. They have also often invested in staying open in the winter in a corona-safe way, for example by covering their terrace. In addition to the Fixed Expenses Allowance (TVL), the cabinet is granting a one-off subsidy to compensate for these costs, of approximately 2.75 percent of the loss of turnover, an average of € 2500. Entrepreneurs can apply for the subsidy from mid-November via the TVL application. € 40 million has been reserved for this scheme.

Regions / Country
netherlands
Topics
Employment
Cash transfers
COVID-19
Document Type

Netherland: Additions to third support package corona | Temporary widening of TVL

Submitted by siha on

Rijksoverheid.nl (27.10.2020) The Fixed Expenses Allowance (TVL) is intended to help entrepreneurs pay their fixed costs, such as rent, while much less money is earned. Until now, the TVL was limited to a number of sectors, but the cabinet has decided to temporarily open the TVL to all sectors. Not only companies directly affected will notice the consequences of the government measures, but also suppliers, the transport sector and food horticu

Regions / Country
netherlands
Topics
Unemployment
Cash transfers
COVID-19
Document Type